Shares of ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $33.46 and last traded at $33.53, with a volume of 7334830 shares trading hands. The stock had previously closed at $33.61.
ProShares Short S&P 500 Stock Performance
The business has a 50-day moving average of $36.16 and a two-hundred day moving average of $36.18.
Institutional Investors Weigh In On ProShares Short S&P 500
A number of institutional investors have recently added to or reduced their stakes in SH. Stack Financial Management Inc bought a new stake in ProShares Short S&P 500 during the fourth quarter valued at about $90,286,000. UBS Group AG raised its stake in ProShares Short S&P 500 by 167.7% in the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock valued at $60,590,000 after buying an additional 1,026,917 shares during the last quarter. Three Seasons Wealth LLC purchased a new stake in ProShares Short S&P 500 in the first quarter valued at about $20,507,000. Stratos Wealth Advisors LLC purchased a new stake in ProShares Short S&P 500 in the fourth quarter valued at about $17,698,000. Finally, Arlington Capital Management Inc. purchased a new stake in ProShares Short S&P 500 in the third quarter valued at about $12,257,000.
ProShares Short S&P 500 Company Profile
ProShares Short S&P500 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index (the Index). The S&P 500 Index is a measure of large-cap United States stock market performance. It is a capitalization weighted index of 500 United States operating companies and selected real estate investment trusts. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
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